Uber bookings beat on robust demand for rides, delivery during holidays

Uber Technologies Inc. reported gross bookings that beat analyst estimates, showing strong global demand for rides and food delivery during the holiday period.

Gross bookings, which include delivery orders, ride hails and driver and merchant earnings but not tips, were $37.6 billion in the three months ended Dec. 31, Uber said in a statement Wednesday. Analysts expected $37.1 billion on average. For the current period, Uber forecast bookings of $37 billion to $38.5 billion, implying that the mid-point is slightly above Wall Street’s average estimate of $37.3 billion.